AMERLOO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AMERLOO
Largest movements
- Tangible fixed assets -€46,217
down €46,217 (-79.2%), from €58,361 to €12,144
of which Other tangible fixed assets: -€35,077
- Cash +€44,213
up €44,213 (+15.4%), from €287,921 to €332,134
mainly Depreciation (+€48,117) and Net result for the year (+€33,991)
- Stocks and contracts -€15,848
down €15,848 (-2.8%), from €571,954 to €556,106
- Profit (loss) carried forward +€33,991
up €33,991 (+6.6%), from €513,825 to €547,817
- Debts after one year -€32,033
down €32,033 (-39.5%), from €81,080 to €49,047
- Tax, wage and social debts -€20,889
down €20,889 (-50.3%), from €41,538 to €20,649
of which Taxes: -€15,468
- Other debts +€10,033
up €10,033 (+12.1%), from €83,192 to €93,225
- Gross operating margin +€53,396
up €53,396 (+26.4%), from €202,370 to €255,766
- Staff costs -€28,294
down €28,294 (-15.7%), from €180,248 to €151,953
- Depreciation -€9,088
down €9,088 (-15.9%), from €57,205 to €48,117
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €979,859 | €971,758 | -€8,102 | -0.8% |
| Fixed assets | 21/28 | €58,361 | €12,144 | -€46,217 | -79.2% |
| Tangible fixed assets | 22/27 | €58,361 | €12,144 | -€46,217 | -79.2% |
| Plant, machinery and equipment | 23 | €4,984 | €2,083 | -€2,900 | -58.2% |
| Furniture and vehicles | 24 | €10,846 | €2,607 | -€8,240 | -76.0% |
| Other tangible fixed assets | 26 | €42,531 | €7,454 | -€35,077 | -82.5% |
| Current assets | 29/58 | €921,499 | €959,614 | +€38,116 | +4.1% |
| Stocks and contracts in progress | 3 | €571,954 | €556,106 | -€15,848 | -2.8% |
| Stocks | 30/36 | €571,954 | €556,106 | -€15,848 | -2.8% |
| Amounts receivable within one year | 40/41 | €38,381 | €43,305 | +€4,925 | +12.8% |
| Trade receivables | 40 | €23,381 | €23,102 | -€279 | -1.2% |
| Other amounts receivable | 41 | €15,000 | €20,204 | +€5,204 | +34.7% |
| Cash at bank and in hand | 54/58 | €287,921 | €332,134 | +€44,213 | +15.4% |
| Deferred charges and accrued income | 490/1 | €23,242 | €28,068 | +€4,826 | +20.8% |
| Total equity and liabilities | 10/49 | €979,859 | €971,758 | -€8,102 | -0.8% |
| Equity | 10/15 | €563,809 | €597,800 | +€33,991 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,383 | €31,383 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €26,383 | €26,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | €513,825 | €547,817 | +€33,991 | +6.6% |
| Amounts payable | 17/49 | €416,051 | €373,958 | -€42,093 | -10.1% |
| Amounts payable after more than one year | 17 | €81,080 | €49,047 | -€32,033 | -39.5% |
| Financial debts | 170/4 | €81,080 | €49,047 | -€32,033 | -39.5% |
| Amounts payable within one year | 42/48 | €334,971 | €324,911 | -€10,060 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €39,764 | €32,033 | -€7,731 | -19.4% |
| Trade debts | 44 | €170,477 | €179,004 | +€8,528 | +5.0% |
| Suppliers | 440/4 | €170,477 | €179,004 | +€8,528 | +5.0% |
| Taxes, remuneration and social security | 45 | €41,538 | €20,649 | -€20,889 | -50.3% |
| Taxes | 450/3 | €19,503 | €4,035 | -€15,468 | -79.3% |
| Remuneration and social security | 454/9 | €22,035 | €16,614 | -€5,421 | -24.6% |
| Other amounts payable | 47/48 | €83,192 | €93,225 | +€10,033 | +12.1% |
| Remuneration, social security and pensions | 62 | €180,248 | €151,953 | -€28,294 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,205 | €48,117 | -€9,088 | -15.9% |
| Other operating charges | 640/8 | €3,486 | €3,628 | +€142 | +4.1% |
| Non-recurring operating charges | 66A | €1,525 | €1,381 | -€144 | -9.4% |
| Gross operating margin | 9900 | €202,370 | €255,766 | +€53,396 | +26.4% |
| Operating profit (loss) | 9901 | -€40,093 | €50,686 | +€90,779 | |
| Financial income | 75/76B | €2,154 | €1,664 | -€490 | -22.8% |
| Recurring financial income | 75 | €2,154 | €1,664 | -€490 | -22.8% |
| Financial charges | 65/66B | €20,705 | €18,353 | -€2,352 | -11.4% |
| Recurring financial charges | 65 | €20,013 | €17,054 | -€2,959 | -14.8% |
| Non-recurring financial charges | 66B | €692 | €1,299 | +€607 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | -€58,645 | €33,996 | +€92,641 | |
| Income taxes | 67/77 | €265 | €5 | -€260 | -98.2% |
| Profit (loss) for the period | 9904 | -€58,910 | €33,991 | +€92,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,910 | €33,991 | +€92,901 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.